Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Financial Services Asset Management

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund

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Post by grasshopper1917on Oct 16, 2019 12:20pm

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Post# 30236508

Got in at 13$ :(

Spent the last month bragging about how i got a great deal at 13$ lol

Things have been tough for sure on this one. Still the dividend is going to be over 1$ per year. Also the places they operate are still popular I know the one down in Nova Scotia near my place is always packed.

I really wouldnt sell my shares at these levels. I mean with interest rates so low a 9% payout is pretty wild. Especially for a chain with experienced and prudent management and some positive brand reckognition.

Im hoping over the next while it would creep back up to the mid 11$ range - that seems much more reasonable to me.

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